Nextracker Director Karuturi Acquires $25K in Restricted Stock Units

Director Monica Karuturi of Nextracker reported acquiring 419 restricted stock units (RSUs) on June 17, 2025.

Rhea-AI Filing Summary

Director Monica Karuturi of Nextracker reported acquiring 419 restricted stock units (RSUs) on June 17, 2025. The RSUs were granted at a price of $60.75 per unit.

Key details of the transaction:

• The RSUs represent contingent rights to receive an equal number of common stock shares
• Vesting occurs 100% on the last business day before the next annual stockholder meeting
• Vesting is subject to continued service with the company
• Acceleration provisions exist in certain circumstances

This Form 4 filing was submitted on June 28, 2025, with the signature executed by Philip Reuther as attorney-in-fact for Monica Karuturi on June 20, 2025. The shares are held in direct ownership following the transaction.

Insider Trade Summary

Grant/Award: 419 shares

Grant/Award 1 txn

Insider Karuturi Monica

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	419	$60.75	$25K

Holdings After Transaction: Common Stock — 419 shares (Direct)

Footnotes (1)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 100% as of the last business day preceding the date of the Issuer's next scheduled annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

FAQ

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How many NXT restricted stock units (RSUs) did Director Monica Karuturi receive on June 17, 2025?

According to the Form 4 filing, Director Monica Karuturi received 419 restricted stock units (RSUs) of Nextracker Inc. (NXT) on June 17, 2025, with each RSU valued at $60.75.

When do Monica Karuturi's NXT RSUs vest?

The RSUs vest 100% on the last business day preceding Nextracker's next scheduled annual meeting of stockholders, subject to Karuturi's continued service with the company. The vesting can be accelerated under certain circumstances.

What is Monica Karuturi's role at NXT?

According to the Form 4 filing, Monica Karuturi serves as a Director on Nextracker Inc.'s board. This is indicated by the 'X' marked in the Director box under Section 5 of the form.

What was the total value of NXT RSUs granted to Monica Karuturi in this transaction?

Based on the reported price of $60.75 per RSU and the grant of 419 RSUs, the total value of the restricted stock units granted to Monica Karuturi was approximately $25,454.25 ($60.75 × 419).

How many shares of NXT common stock does Monica Karuturi own directly after this transaction?

Following this transaction, Monica Karuturi directly owns 419 shares of Nextracker Inc. (NXT) common stock, as indicated in Table I of the Form 4 under the 'Amount of Securities Beneficially Owned Following Reported Transaction(s)' column with ownership form listed as 'D' for Direct.

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Accepted by SEC EDGAR 06/20/2025 - 02:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Karuturi Monica

(Last) (First) (Middle)

C/O NEXTRACKER INC.

6200 PASEO PADRE PARKWAY

(Street)

FREMONT CA 94555

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nextracker Inc. [ NXT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2025		A		419(1)	A	$60.75(1)	419	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 100% as of the last business day preceding the date of the Issuer's next scheduled annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.

	/s/ Philip Reuther, Attorney-in-Fact for Monica Karuturi	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.